https://www.taxtmi.com/caselaws?id=126960 A conditional offer did not create a concluded contract because no acceptance or confirmation of the stipulated terms was shown, so specific performance was unavailable. In disposing of secured property, a public body must act fairly and use a transparent, competitive process designed to secure the best price. Proper valuation, fixation of a reserve price, public notice, and meaningful participation safeguards are required; a bidder has no enforceable right merely by being the highest bidder unless the sale is confirmed through such a process. The text states that the decree for specific performance was set aside and resale was directed through a fair sale procedure. en-us Mon, 14 Mar 2011 00:00:00 +0530 Thu, 23 May 2019 15:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=126960 A conditional offer did not create a concluded contract because no acceptance or confirmation of the stipulated terms was shown, so specific performance was unavailable. In disposing of secured property, a public body must act fairly and use a transparent, competitive process designed to secure the best price. Proper valuation, fixation of a reserve price, public notice, and meaningful participation safeguards are required; a bidder has no enforceable right merely by being the highest bidder unless the sale is confirmed through such a process. The text states that the decree for specific performance was set aside and resale was directed through a fair sale procedure. Case-Laws Indian Laws Mon, 14 Mar 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=126960